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Investing.com -- Tesla (NASDAQ:TSLA)’s new car sales in Norway surged by 213% in May compared to the same month last year, reaching 2,600 vehicles, as per registration data released on Monday.
The increase was driven by strong demand for the updated Model Y compact SUV, which has been the country’s top-selling car for the past three years.
For the first five months of 2025, Tesla’s cumulative sales in Norway rose by 8.3% compared to the same period in 2024.
Fully electric vehicles accounted for nine out of ten new car sales in Norway last year, and the share so far this year stands at 92.7%, according to the Norwegian Road Federation, putting the country close to its target of eliminating sales of petrol and diesel cars.
Amid a broader decline in European sales linked in part to chief executive Elon Musk’s association with far-right politics, Tesla is offering zero-interest financing in Norway and several other markets for customers who take delivery of a new Model Y before the end of June.